Pledge Grantor definition
Examples of Pledge Grantor in a sentence
Upon the written request of the Agent given in its sole discretion, each Pledge Grantor shall deliver any Pledged Note held by it to the Agent together with an endorsement to the order of the Agent, which endorsement may be without recourse.
Each Pledge Grantor agrees that, it will cause each Issuer not to issue any equity securities, whether in addition to, by stock dividend or other distribution upon, or in substitution for, the Pledged Securities or otherwise, unless such shares are pledged hereunder.
All dividends which are received by the Pledge Grantor contrary to the provisions of this Section shall be received in trust for the benefit of the Secured Parties, shall be segregated from other property or funds of the Pledge Grantor and shall be forthwith delivered to the Agent as Collateral in the same form as so received (with any necessary endorsement).